General Motors

Auto
10:37 am
Thu January 3, 2013

Commentary: Forgetting our heritage

Lessenberry essay for 1/3/13

The North American International Auto Show will be starting at Detroit’s Cobo Center in a couple weeks, and anyone who cares about cars can go see virtually every new model in existence.

This has been an annual tradition for more than a century. But I’ve thought for a long time that we don’t do nearly enough to celebrate the amazing heritage of our signature industry.

Think about it. Motor vehicles, primarily cars, are what transformed Michigan from a farm state not all that different from Iowa into the industrial powerhouse that put the world on wheels.

That’s fascinating, and there are few of us whose lives are not connected to the auto industry in some way.  But where do you go to learn about and celebrate that heritage? Sadly, fewer and fewer places.

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Auto
2:42 pm
Wed December 19, 2012

GM's new Camaro will be built in Lansing, Canadian union upset

GM says the next generation Chevy Camaro will be assembled in Lansing.
GM

General Motors announced today that the next generation of the Camaro will be built at the Lansing Grand River (LGR) Assembly Plant. The Cadillac CTS and ATS are currently assembled at the Lansing plant.

The move could take a few years, according to the Detroit News.

The current model Camaro is built in Oshawa, Ontario.

The announcement sparked concerns that the move would lead to job losses at the plant in Canada.

Dana Flavelle of the Toronto Star reports the effect on jobs is not known yet.

“At this stage, there’s no immediate impact on employment. In the longer term, we really can’t speculate at this time,” GM Canada spokesperson Faye Roberts said in a conference call with reporters.

The timing will depend on when the product life cycle of the current generation Camaro comes to an end. “We haven’t said a specific time,” Roberts said.

In a statement, GM said "lower capital investment and improved production efficiencies" were reasons for their decision.

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Auto
11:50 am
Wed December 19, 2012

'Government Motors' no more?

GM's headquarters in Detroit.
John F. Martin Creative Commons

The U.S. Treasury Department and General Motors announced today that company will buy 200 million of the U.S. government's 500.1 million shares in GM.

GM will pay $27.50 for each share. That's 7.9 percent more than yesterday's closing price of GM stock.

The sale, expected to be completed by the end of the year, will reduce the government's stake in the company to around 19 percent.

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Economy
1:27 pm
Tue December 4, 2012

What did we get for all those tax breaks to corporations?

A New York Times analysis casts doubt on the effectiveness of all those tax breaks Michigan cities have been giving to corporations in return for new jobs - or just to keep them from leaving town.

The story prominently features tax breaks given to General Motors, before the automaker filed for bankruptcy.

In the end, the money that towns across America gave General Motors did not matter.....

Business
3:46 pm
Mon December 3, 2012

Stateside: Chinese cars yet to motor along U.S. roads

A Chinese-built truck in Belarus. China still has further to go before it will place its cars in the American market.
user Ritzo ten Cate Wikimedia Commons

Michael Dunne, president of Dunne and Company, talks cars and China.

China continues to be the world’s largest automotive market.

However, Chinese car manufacturers are still several years away from putting their products in the U.S. market, according to Michael Dunne.

Dunne is the president of Dunne and Company, a strategic marketing group helping auto companies expand in Asia.

Dunne addressed the status of China’s car industry, citing economic tensions with Japan.

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Auto
10:27 am
Mon December 3, 2012

A November to remember for U.S. automakers

GM and Chrysler suffered through bankruptcy in large part because it relied so heavily on SUV sales.
user ep_jhu Creative Commons

GM, Ford, and Chrysler all say November sales were the best they've seen in a long time.

More from the Detroit News:

General Motors Co. said Monday it had its best November sales month since 2007, as its 186,505 sales rose 3.4 percent over the same month in 2011...

Ford Motor Co. posted November sales of 177,673, an increase 6 percent, with retail sales jumping 12 percent...

Chrysler Group LLC earlier reported its best November sales since 2007, as it sold 122,565 vehicles in the month, up 14.4 percent from the same month in 2011.

Michigan Radio's Tracy Samilton will have more for us on these numbers later today.

Auto
2:27 pm
Wed October 31, 2012

GM share price up on better-than-expected earnings report

General Motors headquarters in Detroit
Andrea_44 Flickr

GM shares were up Wednesday on the back of a stronger-than-expected third-quarter earnings report.

The automaker reported a net income of $1.48 billion, down just 14.5 percent from last year despite major losses in Europe.

As a result, GM stock had increased by 9.66 percent to $25.53 a share by 2:20 p.m.

Melissa Burden with the Detroit News has more:

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Auto
5:07 pm
Wed October 24, 2012

Ford, GM move to stem losses in Europe

Both Ford and General Motors announced steps this week to reduce their losses in Europe.

The region is experiencing a disabling recession that's expected to last at least through 2015.

Car sales are abysmal in Europe, down more than 30-percent from normal demand.

Ford says it may lose a total of one billion dollars in the region for the entire year.

General Motors' losses might be more than that.

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9:17 am
Mon October 8, 2012

2,000 new jobs coming to Michigan from GM

Lead in text: 
The announcement is expected later today.
General Motors Co. and the state are expected to announce today that GM will create 2,000 new jobs in Michigan, beginning with up to 1,500 at a new information technology innovation center in Warren. The automaker and the Governor's Office are expected to make formal announcements later today.
Auto
12:45 pm
Fri October 5, 2012

GM to move fuel cell research and jobs from New York to Michigan

GM's Headquarters in Detroit.
John F. Martin Creative Commons

General Motors says it will close its hydrogen fuel-cell research operation near Rochester, N.Y., and move it to Michigan, along with most of the 220 salaried jobs currently in New York.

The company says most of the 220 salaried workers in Honeoye Falls, N.Y., will be offered the chance to move to GM's engine and transmission research unit in Pontiac.

Spokeswoman Kimberly Carpenter says the move will pull together all of its experts on ways to move vehicles. The company will save some money by not renewing a building lease in New York.

She says GM will continue to focus on electric vehicles and fuel cell development. GM has been testing fuel-cell vehicles that run on hydrogen with no harmful emissions.

Auto
1:47 pm
Tue October 2, 2012

Chrysler leads monthly sales numbers for Big Three

General Motors says its U.S. sales rose about one and a half percent last month, as a big jump in car sales was offset by falling truck sales.

Ford says its U.S. sales were flat in September, like GM, Ford was weighed down by lower truck sales even as sales of its cars rose.

But Chrysler had the best September of the Detroit Three, with a 12 percent increase in sales.

More from the Detroit News:

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Auto
10:15 am
Mon October 1, 2012

Stability for Canada's auto workers, CAW gets most of what they want

Ken Lewenza, president of the Canadian Auto Workers.
Canadian Auto Workers union

Yesterday, the Canadian Auto Workers union said that 90 percent of unionized Chrysler workers voted to approve a new deal with the company.

Ford and GM workers in Canada approved their deals last week.

So what did they get?

Here's a good write-up on the negotiations between the Canadian Auto Workers and Detroit's Big Three automakers from the Detroit Free Press' Brent Snavely.

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Auto
12:04 pm
Fri September 28, 2012

GM workers in Canada approve deal; Chrysler workers will vote this weekend

A 2011 Chrysler Town & Country rolls off the final inspection line at Chrysler Group LLC’s Windsor Assembly Plant.
Chrysler

21,000 unionized auto workers in Canada are another step closer to job stability until at least 2016.

Last night, union workers at General Motors plants in Canada approved a collective bargaining agreement between the Canadian Auto Workers and the auto company.

Ford workers in Canada approved their deal earlier this week. And Chrysler workers will vote this weekend.

CBC News in Windsor reports on what these deals mean:

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11:16 pm
Wed September 26, 2012

Canadian Auto Workers and Chrysler reach tentative deal

Lead in text: 
The CAW union and Chrysler have reached a tentative deal similar to the agreements reached with GM and Ford. Ford workers in Canada ratified their agreement earlier this week. GM workers are expected to do so sometime tomorrow. More from CBC Windsor.
The Canadian Auto Workers union Wednesday night announced a tentative deal with Chrysler. Ken Lewenza, the union's president, said the deal is similar to the ones struck with Ford and General Motors on Sept. 14 and 20, respectively.
Auto
5:06 pm
Wed September 26, 2012

Canadian Auto Workers getting closer to a deal with Chrysler

Ken Lewenza and the CAW are now working on a deal with Chrysler workers in Canada.
Canadian Auto Workers union

One more agreement, and the Canadian Auto Workers will be on the road to deals with all three U.S. automakers.

The CAW and Chrysler are working on finalizing a labor contract this week.

Ross Marowits of the Montreal Gazette reports the two sides are close to reaching an agreement.

The chairman of the CAW master bargaining committee for Chrysler said the two sides made significant progress over the last 24 hours.

“I think we’re closer and closer by every minute and every hour and again we’re just working at this closing up those loose ends,” Dino Chiodo said Wednesday in an interview from Toronto.

“Unless things completely fall off the rails, which I don’t see happening at this point, I think we’re moving along very well and I’m confident that sometime today or tomorrow we’ll be able to achieve the final task of wrapping this up.”

The bargaining teams are expected to meet tonight after 7 p.m. The CAW and General Motors have reached a tentative agreement. Unionized GM workers in Canada are expected to vote on the proposed agreement today and tomorrow. Ford workers in Canada approved their agreement this past Monday. Altogether, the CAW represents around 21,000 auto workers from the "Big Three."

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Auto
10:23 am
Mon September 24, 2012

Canadian Auto Workers: Deal done with Ford, GM close, now it's Chrysler's turn

Canadian Auto Workers union at a rally.
CAW Facebook

Ford's union workers in Canada have approved a four-year contract with the company.

And the Canadian Auto Workers union have a tentative agreement with GM.

Now, talks with Chrysler continue this week.

CBC Windsor has the latest on the talks:

The CAW's president, Ken Lewenza, knows it's not going to be easy with Chrysler. Company executives have made it clear they want an agreement that lowers labour costs to match those in the United States.

Lewenza said it could be days before there is a tentative agreement between the two sides.

"We can get a deal. I've a great deal of respect for [Chrysler CEO Sergio] Marchionne and his management team," Lewenza said. "I don't hide that and I think he's got respect for our union. But at the end of the day, you can only respect each other when you dot the I's and cross the T's."

If talks stall, the CAW can strike.

But with a deal signed with Ford, and a final deal with GM expected to be approved by GM union workers in Canada  this week, a strike at Chrysler plants in Canada doesn't seem likely.

Auto
11:00 am
Sun September 23, 2012

GM offers big discounts to boost Volt sales

Chevy Volt (file photo)
Steve Carmody/Michigan Radio

DETROIT (AP) - General Motors is offering big discounts to boost sales of the Chevrolet Volt, an electric car that struggled to attract buyers until its price began dropping early this year.

Discounts run as high as $10,000 per Volt, according to figures from TrueCar DOT com, an auto pricing website. They include low-interest financing and subsidized leases.

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Transportation
10:58 am
Fri September 21, 2012

GM recalling 480,000 Malibus, Saturns, and Pontiacs; Sonics also recalled

A 2008-2010 Chevy Malibu. One of the models being recalled by GM.
IFCAR wikimedia commons

The Detroit News reports GM is issuing two recall campaigns.

The smaller recall affects bulb indicators on 2013 Chevrolet Sonics.

The larger recall has to do with four-speed automatic transmissions on 2007-10 Chevrolet Malibu, Saturn Aura and Pontiac G6 models.

More from the Detroit News:

The Detroit automaker said Friday it is recalling 426,240 Chevrolet, Pontiac and Saturn sedans in the United States to repair a condition in which the transmission gear position may not match the gear on the shifter. That could lead to the vehicles rolling when drivers think they are in park.

"The driver would be able to remove the key from the ignition, but the door locks may not unlock automatically and the PARK indicator lamp would not be illuminated. The driver may not be able to restart the vehicle and the vehicle could roll away," GM said.

An investigation by the National Highway Traffic Safety Administration sparked the discovery of the transmission problem.

Michigan Radio's Tracy Samilton reports the problem has caused four accidents that GM knows about, but no injuries have been reported.

Dealers will either replace the transmission cable or put reinforcement on it.

Auto
12:06 pm
Wed September 19, 2012

Canadian Auto Workers inch closer to deal with GM, Chrysler

Chrysler's Windsor Assembly Plant.
Chrysler

The head of the Canadian Auto Workers union says General Motors is waiting for a counter proposal from the union, and he says there has been significant progress toward a new labor deal.

CAW President Ken Lewenza says the union will make the offer today. He also says progress has been made with Chrysler.

The union reached a tentative deal with Ford earlier this week.

From CBC News Windsor:

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Opinion
11:06 am
Fri September 14, 2012

Stalled at the CAFE: How the federal government may end up hurting GM

Charles Brown

Here is a quiz:

The Obama Administration is responsible for:

a) The financial rescue of General Motors;

b) The future financial failure of General Motors;

c) Both a) and b);

d) None of the above.

You won’t find the correct answer in upside-down small print at the bottom of this blog.  I am not quite sure myself what the right answer might be.  But answer (b) might not be such an incredible response.

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